Sweeping Reforms Redefine Ukraine

Ukraine’s new government is out to reset relations with investors. For too long, the Eastern European nation has been defined by a biased judiciary that has defended entrenched interests. But now a sweeping set of reforms led by President Zelensky will work to allay investors’ largest fears, forging a new business order in Ukraine.

The litmus test for the success of these reforms is the long-awaited opening of the land market. For 25 years, the development of a privatized land market has been put off, relegating Ukraine’s agricultural land to an atavistic Soviet system that still bars private ownership. Finally allowing land to move into

private hands would simultaneously lift a moratorium on foreign investment